BMT INTERNATIONAL: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
BMT INTERNATIONAL
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€7.3m
2024 · €40,908+€7.3m
Equity
€426.4m
2024 · €389.1m+€37.3m
Cash
€8.1m
2024 · €3.7m+€4.3m
Balance sheet total
€696.1m
2024 · €527.2m+€168.9m
Largest movements
Assets
- Receivables after one year +€143.0m
new in 2025: €143.0m
- Receivables within one year +€19.1m
up €19.1m (+138%), from €13.8m to €32.8m
of which Other amounts receivable: +€16.2m
Equity and liabilities
- Debts after one year +€196.9m
up €196.9m (+1,508%), from €13.1m to €210.0m
- Short-term financial debts -€85.8m
down €85.8m (-73.1%), from €117.4m to €31.6m
- Contributions +€30.0m
up €30.0m (+11.2%), from €267.1m to €297.1m
of which Capital: +€30.0m
- Current portion of long-term debt +€20.0m
new in 2025: €20.0m
- Profit (loss) carried forward +€7.3m
up €7.3m (+6.2%), from €118.0m to €125.3m
Income statement
- Financial charges -€17.4m
down €17.4m (-72.9%), from €23.9m to €6.5m
of which Non-recurring financial charges: -€17.4m
- Financial income -€11.5m
down €11.5m (-42.5%), from €27.1m to €15.6m
of which Financial income: -€11.5m
- Turnover +€1.8m
up €1.8m (+13.3%), from €13.9m to €15.7m
- Provisions -€500,000
down €500,000 (-100%), from €500,000 to €0
- Staff costs +€388,098
up €388,098 (+24.3%), from €1.6m to €2.0m
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€40,908
Turnover
+€1.8m
Other operating income
+€14,992
Services and other goods
-€376,663
Staff costs
-€388,098
Depreciation
+€266
Provisions
+€500,000
Other operating charges
+€79,839
Other operating items
-€1,475
Financial income
-€11.5m
Financial charges
+€17.4m
Taxes
-€247,138
Result 2025
€7.3m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€153.9m
Investment
-€2.9m
Financing
+€161.2m
Cash 2024
€3.7m
From operations (derived)
-€153.9m
Net result for the year
+€7.3m
Depreciation
+€575,830
Receivables after one year
-€143.0m
Receivables within one year
-€19.1m
Smaller working-capital items
-€363,010
Trade debts
-€1.3m
Accrued charges and deferred income
+€1.9m
Investment (derived)
-€2.9m
Investment in fixed assets (net)
-€2.9m
Financing
+€161.2m
Debts after one year
+€196.9m
Current portion of long-term debt
+€20.0m
Short-term financial debts
-€85.8m
Contributions, distributions and other
+€30.0m
Cash 2025
€8.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €527,206,349 | €696,096,178 | +€168.9m | +32.0% |
| Fixed assets | 21/28 | €508,311,531 | €510,638,709 | +€2.3m | +0.5% |
| Intangible fixed assets | 21 | €7,561,923 | €8,007,326 | +€445,403 | +5.9% |
| Tangible fixed assets | 22/27 | €243,404 | €211,180 | -€32,225 | -13.2% |
| Land and buildings | 22 | €2,802 | €2,380 | -€422 | -15.1% |
| Plant, machinery and equipment | 23 | €44,496 | €24,673 | -€19,823 | -44.5% |
| Furniture and vehicles | 24 | €40,113 | €28,134 | -€11,980 | -29.9% |
| Other tangible fixed assets | 26 | €136,500 | €136,500 | = | 0.0% |
| Assets under construction and advance payments | 27 | €19,493 | €19,493 | = | 0.0% |
| Financial fixed assets | 28 | €500,506,204 | €502,420,204 | +€1.9m | +0.4% |
| Affiliated companies | 280/1 | €500,498,704 | €502,412,704 | +€1.9m | +0.4% |
| Participating interests | 280 | €500,498,704 | €502,412,704 | +€1.9m | +0.4% |
| Other financial fixed assets | 284/8 | €7,500 | €7,500 | = | 0.0% |
| Shares | 284 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €18,894,818 | €185,457,469 | +€166.6m | +882% |
| Amounts receivable after more than one year | 29 | - | €142,956,028 | +€143.0m | |
| Other amounts receivable | 291 | - | €142,956,028 | +€143.0m | |
| Amounts receivable within one year | 40/41 | €13,775,674 | €32,846,489 | +€19.1m | +138% |
| Trade receivables | 40 | €10,116,328 | €12,963,661 | +€2.8m | +28.1% |
| Other amounts receivable | 41 | €3,659,346 | €19,882,829 | +€16.2m | +443% |
| Cash at bank and in hand | 54/58 | €3,722,856 | €8,056,362 | +€4.3m | +116% |
| Deferred charges and accrued income | 490/1 | €1,396,288 | €1,598,589 | +€202,300 | +14.5% |
| Total equity and liabilities | 10/49 | €527,206,349 | €696,096,178 | +€168.9m | +32.0% |
| Equity | 10/15 | €389,121,188 | €426,425,064 | +€37.3m | +9.6% |
| Contributions | 10/11 | €267,067,881 | €297,067,881 | +€30.0m | +11.2% |
| Capital | 10 | €26,790,510 | €56,790,510 | +€30.0m | +112% |
| Issued capital | 100 | €26,790,510 | €56,790,510 | +€30.0m | +112% |
| Contributions outside capital | 11 | €240,277,371 | €240,277,371 | = | 0.0% |
| Share premium | 1100/10 | €240,277,371 | €240,277,371 | = | 0.0% |
| Reserves | 13 | €4,046,573 | €4,046,573 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,683,246 | €3,683,246 | = | 0.0% |
| Legal reserve | 130 | €3,683,246 | €3,683,246 | = | 0.0% |
| Distributable reserves | 133 | €363,326 | €363,326 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,006,734 | €125,310,611 | +€7.3m | +6.2% |
| Provisions and deferred taxes | 16 | €500,000 | €500,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €500,000 | €500,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable | 17/49 | €137,585,161 | €269,171,113 | +€131.6m | +95.6% |
| Amounts payable after more than one year | 17 | €13,058,571 | €210,000,000 | +€196.9m | +1,508% |
| Financial debts | 170/4 | €13,058,571 | €210,000,000 | +€196.9m | +1,508% |
| Credit institutions | 173 | €13,058,571 | €210,000,000 | +€196.9m | +1,508% |
| Amounts payable within one year | 42/48 | €121,782,734 | €54,550,138 | -€67.2m | -55.2% |
| Current portion of amounts payable after more than one year | 42 | - | €20,000,000 | +€20.0m | |
| Financial debts | 43 | €117,395,714 | €31,612,645 | -€85.8m | -73.1% |
| Credit institutions | 430/8 | €117,395,714 | €31,612,645 | -€85.8m | -73.1% |
| Trade debts | 44 | €3,537,770 | €2,248,953 | -€1.3m | -36.4% |
| Suppliers | 440/4 | €3,537,770 | €2,248,953 | -€1.3m | -36.4% |
| Taxes, remuneration and social security | 45 | €157,855 | €189,008 | +€31,153 | +19.7% |
| Taxes | 450/3 | €2,629 | €2,962 | +€332 | +12.6% |
| Remuneration and social security | 454/9 | €155,226 | €186,046 | +€30,820 | +19.9% |
| Other amounts payable | 47/48 | €691,395 | €499,532 | -€191,863 | -27.8% |
| Accrued charges and deferred income | 492/3 | €2,743,855 | €4,620,975 | +€1.9m | +68.4% |
| Operating income | 70/76A | €13,861,051 | €15,712,175 | +€1.9m | +13.4% |
| Turnover | 70 | €13,855,625 | €15,693,232 | +€1.8m | +13.3% |
| Own construction capitalised | 72 | €1,475 | €0 | -€1,475 | -100% |
| Other operating income | 74 | €3,951 | €18,943 | +€14,992 | +379% |
| Operating charges | 60/66A | €17,106,254 | €17,290,910 | +€184,656 | +1.1% |
| Services and other goods | 61 | €14,344,588 | €14,721,250 | +€376,663 | +2.6% |
| Remuneration, social security and pensions | 62 | €1,599,270 | €1,987,368 | +€388,098 | +24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €576,096 | €575,830 | -€266 | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €500,000 | €0 | -€500,000 | -100% |
| Other operating charges | 640/8 | €86,300 | €6,461 | -€79,839 | -92.5% |
| Operating profit (loss) | 9901 | -€3,245,203 | -€1,578,734 | +€1.7m | +51.4% |
| Financial income | 75/76B | €27,147,892 | €15,604,591 | -€11.5m | -42.5% |
| Recurring financial income | 75 | €27,147,892 | €15,603,373 | -€11.5m | -42.5% |
| Income from financial fixed assets | 750 | €26,100,000 | €14,935,000 | -€11.2m | -42.8% |
| Income from current assets | 751 | €886,436 | €574,188 | -€312,248 | -35.2% |
| Other financial income | 752/9 | €161,456 | €94,185 | -€67,271 | -41.7% |
| Non-recurring financial income | 76B | - | €1,217 | +€1,217 | |
| Financial charges | 65/66B | €23,861,782 | €6,474,842 | -€17.4m | -72.9% |
| Recurring financial charges | 65 | €6,440,782 | €6,474,842 | +€34,060 | +0.5% |
| Debt charges | 650 | €6,420,507 | €4,612,232 | -€1.8m | -28.2% |
| Other financial charges | 652/9 | €20,275 | €1,862,610 | +€1.8m | +9,087% |
| Non-recurring financial charges | 66B | €17,421,000 | - | -€17.4m | |
| Profit (loss) for the period before taxes | 9903 | €40,908 | €7,551,015 | +€7.5m | +18,359% |
| Income taxes | 67/77 | - | €247,138 | +€247,138 | |
| Taxes | 670/3 | - | €247,138 | +€247,138 | |
| Profit (loss) for the period | 9904 | €40,908 | €7,303,877 | +€7.3m | +17,755% |
| Profit (loss) for the period to be appropriated | 9905 | €40,908 | €7,303,877 | +€7.3m | +17,755% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.